Konjac Market to Grow with a CAGR of 6.78% through 2029

The global konjac market is driven owing to the rising demand for a health food and natural dietary fiber, growing awareness about the health benefits of consuming konjac.

According to TechSci Research report, “Konjac Market - Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the global konjac market stood at USD 1133.27 Million in 2023 and is anticipated to grow with a CAGR 6.78% through 2029. 

Technological advancements in konjac processing have significantly contributed to the growth of the global konjac market. Innovations in extraction, purification, and processing technologies have enhanced the quality and functionality of konjac products, making them more appealing to consumers and manufacturers alike. One of the major technological advancements is the development of improved extraction methods for glucomannan, the primary active component of konjac. Traditional extraction methods often result in low yields and impure extracts. However, recent advancements in enzymatic and ultrasonic extraction techniques have led to higher yields of high-purity glucomannan. These advanced methods not only increase the efficiency of production but also enhance the nutritional and functional properties of konjac products. The development of new drying technologies has improved the quality and shelf-life of konjac products. Conventional drying methods, such as sun drying, can result in significant nutrient loss and microbial contamination. In contrast, advanced drying techniques, such as freeze drying and spray drying, preserve the nutritional content and extend the shelf-life of konjac products, making them safer and more convenient for consumers.

Advancements in food processing technologies have enabled the creation of innovative konjac-based products. For instance, the use of high-pressure processing (HPP) and extrusion technologies has allowed manufacturers to produce a wide range of konjac products, including noodles, rice, snacks, and dietary supplements. These technologies enhance the texture, flavor, and nutritional profile of konjac products, making them more appealing to health-conscious consumers. The integration of nanotechnology in konjac processing is another significant advancement. Nanotechnology has been used to enhance the bioavailability and efficacy of konjac glucomannan in dietary supplements and functional foods. For example, nano-encapsulation techniques can protect glucomannan from degradation in the digestive tract, ensuring its effective delivery and absorption in the body.

Browse over xx market data Figures spread through xx Pages and an in-depth TOC on "Global Konjac Market” 

The global konjac market is segmented into product type, end use, distribution channel, region, and company.

The konjac market is segmented based on end use into food & beverages, pharmaceutical, and cosmetics. The food & beverages segment of the konjac market is the food and beverage industry are witnessing a surge in the use of konjac as an ingredient in various products. Konjac's versatility and ability to enhance the texture and nutritional profile of food products make it a valuable addition to many formulations. It is used as a thickening agent, emulsifier, and stabilizer in a variety of food applications, including bakery products, dairy alternatives, and confectionery. The increasing demand for low-calorie and high-fiber foods is driving the incorporation of konjac in product formulations. Additionally, the trend of clean labels and natural ingredients is encouraging food manufacturers to utilize konjac as a natural additive. The food and beverage industry's expansion are further supported by the growing consumer preference for innovative and healthy food products, creating opportunities for konjac-based offerings.

Major companies operating in global konjac market are:

• Hubei Yizhi Konjac Biotechnology Co. Ltd
• Zhejiang Shangfang Biotechnology Co., Ltd. 
• Ishibashi-ya Co. Ltd
• Baoji Konjac Chemical Co.,Ltd 
• NOW Health Group, Inc. 
• Slendier
• Andi-Johnson Group
• The Konjac Sponge Company Ltd
• NAH Foods Ltd
• Low Carb Canada Corp.

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“The rise in consumer health consciousness and the growing trend of plant-based and low-calorie diets are major factors driving the market. Additionally, the increasing prevalence of lifestyle diseases such as obesity, diabetes, and cardiovascular disorders has spurred the demand for natural and functional foods, further boosting the konjac market. The Asia-Pacific region, particularly China and Japan, dominates the market due to the traditional consumption of konjac-based products. However, the market is rapidly expanding in North America and Europe as awareness about the health benefits of konjac spreads”. Said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

"Konjac Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Gum, Flour, Dietary Fiber, Sponge), By End-Use (Food & Beverages, Pharmaceutical, Cosmetics), By Distribution Channel (Supermarkets/hypermarkets, Specialty stores, Online, Others), By Region & Competition, 2019-2029F”, has evaluated the future growth potential of global konjac market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the global konjac market.

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